JBM Auto Limited has recently informed exchanges that its subsidiary, JBM Ecolife Mobility Private Limited, has been awarded a significant contract for the Procurement, Operation, and Maintenance of 343 Electric Buses for Ahmedabad BRTS and Ahmedabad Municipal Transport Service under the Gross Cost Contracting (GCC) model.
The ₹1,800 crore contract, awarded by Ahmedabad Janmarg Limited and other leading corporates, marks a step forward in India’s push towards sustainable urban transportation. These electric buses are expected to enhance eco-friendly public transit in Ahmedabad and align with the city’s green mobility goals.
Key Highlights of the Contract:
- Contract Awarding Entities
- Ahmedabad Janmarg Limited and other leading corporate entities.
- Nature of the Contract
- The contract involves the Procurement, Operation, and Maintenance of Electric Buses for urban mobility solutions under the Gross Cost Contracting (GCC) model.
- Domestic Contract
- The contract is awarded by domestic entities.
- Project Timeline
- The contract is set to be executed within one year.
- Order Value
- The contract is valued at approximately Rs. 1,800 Crore (Rupees One Thousand Eight Hundred Crore).